Vijay Kedia gains Rs 4,83,31,875 from this multibagger penny stock below Rs 100 in just 21 days with robust order book worth Rs 2,961 crore; Do you own it?

The stock is up by 140 per cent in just 6 months whereas BSE Sensex Index is up by 14.81 per cent.

On Monday the Indian indices ended the trading session flat, with the BSE Sensex Index and NSE Nifty-50 Index both gaining 0.02 per cent. The broader market indices performed well, with the BSE Mid-Cap Index up 0.46 per cent and the BSE Small-Cap Index up 0.12 per cent.

On Monday, shares of the company were locked in a 2 per cent per cent upper circuit to Rs 81.30 per share, from its previous closing of Rs 79.71. The stock also made a new 52-week high of Rs 81.30 per share. The stock has been hitting back-to-back upper circuits & 52-week highs for the past 21 days.

Before we reveal the penny stock name, let's take a look at how the ace investor Vijay Kedia made Rs 4,83,31,875 in just 21 days. Here are the details:

On September 4, 2023, Kedia Securities Ltd (owned by Vijay Kedia) bought 24,65,912 shares of a company at Rs 61.70 per share for a total of Rs 15,21,46,771 (approximately Rs 15.21 crore). As of Monday, September 25, 2023, the stock was trading at Rs 81.30 per share on the BSE. This means that the total value of the shares that Kedia Securities Ltd owns is now Rs 20,04,78,646 (approximately Rs 20.04 crore).

Therefore, in just 21 days, Kedia Securities Ltd has made a profit of Rs 20,04,78,646 - Rs 15,21,46,771 = Rs 4,83,31,875.

Financials about the company: -

The company has a market capitalization of Rs 782.95 crore with a stock price CAGR. of 70 per cent over the past three years. The company's shares have a PE of 36.5x, an ROE of 1.92 per cent, and an ROCE of 7.46 per cent.

According to the Quarterly Results, the company's net sales increased by 84.14 per cent to Rs 267 crore and net profit increased by 133.33 per cent to Rs 14 crore. In FY23, the company's net sales increased by 155.27 per cent to Rs 799 crore, but net profit decreased by 50 per cent to Rs 13 crore compared to FY22. As of June 30, 2023, the company has over Rs 2,961 crore worth of projects in its order book.

The penny stock that is causing all the excitement is OM INFRA LTD. It is a multibagger stock, which means that its price has increased many times over a period of time.

Om Infra Ltd is a conglomerate with diverse interests in infrastructure, including hydro-mechanical equipment, turnkey steel fabrication solutions, hydropower development, real estate, entertainment centres, and hotels. It is a flagship company of Om Kothari Group.

The stock is up by 140 per cent in just 6 months whereas BSE Sensex Index is up by 14.81 per cent. The stock has been a multibagger over the past 3 years, with a return of 400 per cent.

Do you have this stock in your portfolio? Do let us know in the comment session below

Disclaimer: The article is for informational purposes only and not investment advice.